Famous Bitcoin maximalist El Salvador President, Nayib Bukele, showed up on Twitter to solidly express the cruciality of Bitcoin amid the ongoing chaos in the crypto market. He penned down that the bankrupted crypto exchange FTX is unlike Bitcoin. FTX’s non-transparency and unfair handling of users’ funds triggered him to
According to Binance CEO Changpeng Zhao, the president of El Salvador today reassured citizens that their country’s cryptocurrency assets were not on the failing exchange FTX. On Thursday, the CEO of the largest cryptocurrency exchange in the world tweeted that he had spoken to President Nayib Bukele, who had denied
El Salvador plans to build a “Bitcoin office” in Lugano. Tether has launched a project dubbed “Plan B” to turn Lugano into a crypto center. A memorandum of understanding on economic cooperation between El Salvador and the city of Lugano, Switzerland, was signed with the goal of increasing Bitcoin use
Bukele is also responsible for El Salvador’s Bitcoin purchasing binge. Global markets credit research, Fitch lowered El Salvador’s debt rating from CCC to CC. El Salvador’s current president, Nayib Bukele, has reportedly declared his intention to run again in 2024. El Salvador was one of the nations whose highest court
Surfing, bitcoin, and crime reduction were responsible for the country’s tourism comeback. Compared to 2019 Salvador’s tourism revenue increased by 6%. The president of El Salvador, Nayib Bukele, expressed his views on the rise in tourism-related revenue in the country and advocated for the introduction of bitcoin (BTC) as legal
The IMF pleaded with El Salvador to outlaw the use of Bitcoins as legal tender. On Twitter, Bukele declared he was presenting two legislation to the National Assembly. According to El Salvador’s President Nayib Bukele’s announcement, the nation intends to repurchase $1.6 billion in dollar-denominated bonds from the market. Last
An $800 million bond payment is due in January 2023 on President Nayib Bukele. El Salvador’s initial purchase in September last year saw a 50% drop in its value. Investors can take advantage of the present pricing of El Salvador-issued Eurobonds because of the recent crypto meltdown, according to Morgan
It will begin with small enterprises in the Ilopango, Soyapango, and Apopa neighborhoods. Bitfinex’s CTO thinks $1.33 million in crypto assets would be a boon to the country. Bitfinex, a digital currency exchange, has announced that it is providing 36 Bitcoin (BTC) and 600,000 Tether (USDT) to small companies and
Over 67 million individuals in Mexico still do not have access to a bank account. Indira Kempis proposed a bill to accept BTC as legal tender in Mexico. Mexican senator Indira Kempis proposed a bill to accept Bitcoin (BTC) as legal tender in Mexico and claims the second-largest market that
Salvador’s finance minister, said the “fiscal risk is extremely minimal.” Jim Cramer, the presenter of Mad Money, thinks Bitcoin will fall below $12,000. There are some words of wisdom for bitcoin investors from El Salvador’s president, though. In his opinion, bitcoin investments are secure and will “immensely grow” after the
